Nu-Oil and Gas plc is a United Kingdom-based independent oil and gas company. The Company is involved in the identification, development and operation of hydrocarbon opportunities with its focus on the acquisition of stranded or marginal fields, the location of, which could be any jurisdiction. The Company operates through marginal field initiative segment. The Company holds production lease PL2002-01(A), which covers an onshore area in Western Newfoundland, and an offshore exploration license EL 1070, which covers the area just off the coast of Western Newfoundland. PL2002-01(A) allows for the production of hydrocarbons from an onshore area on the Port au Port Peninsula, western Newfoundland, and covers an area of approximately 20 square kilometers. EL 1070 covers an area of approximately 1,030.4 square kilometers. The Company's subsidiaries include Enegi Oil Inc., Enegi Finance Limited and Marginal Field Development Company (MFDevCo) Ltd.